INVESTOR ALERT — 24 HOURS NOTICE REQUIRED FOR ALL SHOWINGS.
Ground-up new construction triplex completed in 2015, a short walk from Temple University's Main Campus. Ten bedrooms and ten bathrooms — true one-to-one parity, so every bedroom in the building has its own bathroom, which almost no competing stock in this submarket delivers.
Unit 1 — 4 bed / 4 bath — $1,700/mo.
Unit 2 — 2 bed / 2 bath — $1,250/mo.
Unit 3 — 4 bed / 4 bath — $1,700/mo.
Total $4,650/mo, or $55,800 annually on the 26/27 contract, and rent collected in the trailing year came in ahead of contract. Not a conversion: built new in 2015, with the major systems still young. Water is more than fully recovered from tenants, so the utility line runs negative for the year, and operating expenses run 26.1% of effective gross income — the tightest in this portfolio. The ten-year tax abatement expired after 2025 and the 2026 bill is carried in full, so an incoming owner inherits the tax line as shown. Owner's operating statement available to qualified buyers.
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Listing Snapshot
Price
$499,900
Days On Site
13 Days
Bedrooms
2
Inside Area (SqFt)
3,592 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.03 Acres
Year Built
2015
MLS® Number
PAPH2672658
Status
Active
Property Tax
$7,473
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
2 weeks ago
Listing first seen on site
2 weeks ago
Listing updated with changes from the MLS®
General Features
Acres
0.03
Foundation
Brick/Mortar
Parking
Off StreetOn Street
Property Condition
New Construction
Property Sub Type
Triplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
3592
SqFt Total
3592
Style
Traditional
Water Source
Public
Zoning
RM1
Interior Features
Cooling
Central AirElectric
Heating
Natural GasForced Air
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Exterior Features
Pool Features
None
Community Features
MLS Area
19121 (19121)
School District
PHILADELPHIA CITY
Schools
School District
PHILADELPHIA CITY
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of BHHS Fox & Roach-Center City Walnut
